"John Knight" <johnknight at usa.com> wrote:
>> The FDIC is NOT funded by payments (taxes or otherwise) from
>> homeowners.
>>Oh, really? Then where did the trillion dollars come from--the moon?
The basic FDIC fund is insurance money paid by the banks. The savings
and loans in the 80s, which were NOT FDIC insured had a different form
of insurance and less stringent management. The total FDIC bank and
savings and loan insurance funds combined is only $41 billion, but
since 1992 when the last of the 1980s failures were resolved, there
has never been a year where the funds had to cover more than $1
billion in losses.
>The fact is that 911 is TRIVIAL compared to the $7.2 trillion that the jews
>took out of the "stock market" during the last 1-2 years,
They "took it out", eh? Where did they take it to?
Guess what? It vanished into thin air, because it never really
existed. It was all paper and hot air (to which you are adding
plenty).
lojbab